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Cryptocurrency & Blockchain Technology
Cryptocurrency is a digital currency and that allows two people to transfer money to each other without going through a central authority (such as a bank). It is secured by cryptography, which makes it almost impossible to counterfeit.
The blockchain is a digital LEDGER of transactions that is distributed across the entire network of computer systems that make up the blockchain. The ‘block’ refers to the individual record of each transaction, while the ‘chain’ refers to the fact that those records are linked in one chain. Each time a transaction occurs, a record of that transaction is added to every participants’ ledger. This allows for transparency, efficiency, and security.
How does crypto mining Effects the Atmosphere?
Cryptocurrency mining occurs when a computer solves several math equations and obtains some cryptocurrency in return. The more powerful the computer, the more calculations per second it can make, increasing the chances of making the right one, solving the equation, and earning Crypto Like Bitcoin, Eth, etc. What this means in practice is lots of extremely high-powered computers solving equations, and lots and lots of electricity used. Some ‘miners’ even connect whole warehouses full of computers to the network, in order to increase their chances of earning bitcoin. This obviously uses a lot of power and Emits a lot of Gases & how big the emissions from cryptocurrency depend on where we are doing the mining process. Per Example, Someone mining bitcoin in Northern China will more than likely be using electricity from coal-powered plants.
What is Carb0n.fi ????
Carb0n.fi is a blockchain-based platform to trade carbon assets & it helps to monitor an Organization's carbon emission as well as helps to Trade Carbon Credits from low emitters to high-emission organizations.
The current carbon market does not have sufficient sources of quality information and has high transaction costs, resulting in a lack of transparency and a limited number of carbon reduction players. This means all the carbon-emitting organizations do not benefit from all carbon reduction opportunities which were available in the World.
The blockchain can be used to improve the carbon asset transactions system. Blockchain technology could also allow for the development of peer-to-peer platforms to trade renewable energy on. Consumers would be able to buy, sell or exchange renewable energy assets with each other, using tokens or digital assets representing a certain quantity of energy production.
Brief Information About Carb0n.fi
Carb0n.fi - created by a well-experienced Team and they have over 20 years in environmental sustainability, 15 years in start-ups, and 10 years in blockchain combined across the 3 founders.
BreeAnne Yek - Chief Executive Officer.
Florian Bohnert - Chief Marketing Officer.
GabKK - Chief Technology Officer.
Conclusion: Carb0n.fi is the one-stop solution for Carbon asset buying and selling, With our Decentralised Finance model underpinning our platform, ensuring your carbon footprint is offset with your contribution going towards the right projects is as simple as 1-2-3.
